Asia’s rise as an economic force over the past 40 years is one of the most successful stories of development in modern times. The region is in the midst of an historic transformation. While the realization of this promising outcome is conceivable, Asia’s rise is by no means pre-ordained. In its recently-launched publication “Asia 2050: Realizing the Asian Century,” the ADB study shows that the region must first deal with long-term development and multi-generational challenges and formulate strategies to sustain the growth momentum. In its march toward shared prosperity and sustainable growth, Asia will need to address a myriad of challenges ranging from inequality, competition for resources, global warming and climate change, and governance

The ADB undertook the Asia 2050 study to develop plausible scenarios of where the region could be in 40 years; identify drivers of change and policy choices that the region must make; and provide guidance on the implementation of national, regional, and global agendas. Mr. Rajat M. Nag, ADB’s Managing Director General, will share his insights on some of the key challenges identified in the study, including:
• Can countries in Asia avoid the Middle Income Trap?
• How will Asia narrow its growing inequities within and across countries?
• Is good governance a necessary condition for sustaining Asia’s growth?

Light refreshments will be served
Free parking is available at the AU Katzen Arts Center and Nebraska Avenue parking lots after 5:00 pm.